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<p><b>Payout mechanism</b></p>
<ul>
    <li>After you state your guesses about the probability of each grade, the computer will randomly draw one grade to be payoff-relevant.</li>
    <li>Subsequently, the computer will randomly draw two numbers, X and Y, each with values between 0 and 100. For each draw, each number is equally likely to be selected. Draws are independent in the sense that the value selected for X in no way affects the value selected for Y and vice versa.</li>
    <li>If the randomly drawn grade matches your actual grade in the exam, then you receive a bonus payment of <b>20€</b> if your guess about the probability of the randomly drawn grade is greater than or equal to either X or Y.</li>
    <li>If the randomly drawn grade does not match your actual grade in the exam, then you receive a bonus payment of <b>20€</b> if your guess about the probability of the randomly drawn grade is smaller than either X or Y.</li></ul>

<p><b>This payout mechanism is designed so that you have the best chance of winning a bonus payment of 20€ when you state your guesses about the probabilities of each grade as accurately as possible.</b></p>

    

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